BlockBeats News, June 17th, the Shanghai Stock Exchange announced that, in order to implement the CSRC's opinions on enhancing the inclusiveness and adaptability of the sci-tech innovation board by setting up a sci-tech growth sector, and to further standardize the application of the fifth set of listing standards on the sci-tech innovation board for technology-oriented enterprises, to support high-quality artificial intelligence large model enterprises that have not yet formed a certain scale of revenue to IPO on the sci-tech innovation board, the Shanghai Stock Exchange has formulated the "Shanghai Stock Exchange Issuance and Listing Review Rules Applicable Guidance No. 10 - Application of the Fifth Set of Listing Standards on the Sci-Tech Innovation Board for Artificial Intelligence Large Model Enterprises," which is hereby released and will be implemented from the date of release.

The criteria require that the issuer should have a prominent industry position in the field of artificial intelligence large models, rank at the forefront, occupy an important position in the industrial chain, be able to demonstrate leadership in the industry, and be recognized by relevant market entities. The issuer's artificial intelligence large model business or product should have a clear target market with a significant current or potential demand, outstanding market competitive advantages in terms of R&D progress, key indicators, etc., a large market space, and strong future growth potential. The issuer should have a clear commercialization arrangement for the artificial intelligence large model business or product. The issuer should not have significant issues such as a clear lack of commercialization expectations for the large model business or product that may have a significant adverse impact on the company's sustainable operation capacity. (Shanghai Stock Exchange)